“Most People Have No Idea What Is Coming Ahead” My Most Sincere Advice To Investors

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The Tesla founder and CEO Elon Musk appeared in a Miami tech conference hosted by the “All-In” podcast, where he said the recession could last anywhere from a year to 18 months. He went on to say that when this situation “gets out of control,” the economy has a misallocation of human capital “where are doing things that are silly and not useful to their fellow human beings.”
Recession fears been growing recently as the Fed tightens monetary policy to help cool down inflation that’s running near its hottest pacer since the early 1980s. The US economy has also shrank an annualized 1.4% in the first quarter of 2022. This weakness is primarily due to a record trade deficit. Consumer spending and business investment in equipment actually quickened at the start of 2022 which consequently disturbed the balance of payments.
he also said that “Recessions are not necessarily a bad thing,” and he has been through a few of them. And what tends to happen is if you a boom that goes on too long, you get a misallocation of capital. It starts raining money on fools, basically.
It’s not the first time Musk has sought to predict a recession. In 2021, the Tesla CEO said he believed the next recession would come within two years. Watch his recent talk to know his rationale, but before diving into the video just a soft reminder to smash the subscribe and like button if you like the content. Happy Watching!

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